Oil prices rose slightly in trading on Tuesday (January 20) after better-than-expected Chinese economic data boosted demand optimism. Brent crude rose 19 cents (0.3%) to $64.13/barrel, while February WTI which expires today rose 25 cents (0.4%) to $59.69/barrel. The more active March WTI contract also edged higher to around $59.42/barrel. This strengthening was driven by news from China, the world's largest oil importer. The Chinese economy reportedly grew 5.0% through 2025, meeting the government's target. Refinery activity also increased, with refinery throughput rising 4.1% and crude oil...
Silver (XAG/USD) prices fell on Thursday (3/13). As Investors are now waiting for the US Producer Price Index (PPI) data due later today to gain further insight into the Fed's monetary policy. Source: Newsmaker.id
Gold prices continued to show their strength in the European trading session on Thursday (3/13).The appeal of gold as a safe haven asset that is growing rapidly may surge to a record high of $3,500 per ounce during the third quarter, according to Macquarie Group analysts.This is still supported by uncertainty surrounding geopolitics and US President Donald Trump's tariff policies. The worsening US budget outlook suggests inflation could increase, which will benefit gold as a hedge, according to Macquarie. Source: ads- Newsmaker.id
Gold edged up in early Asian trading. The European Union and Canada announced retaliatory tariffs against the US on Wednesday, further raising the prospect of a global trade war after the US imposed levies on global steel and aluminium imports. Gold rallied to bring it back near a record, after weaker-than-expected US inflation supported further Federal Reserve monetary easing this year, while an escalating global trade war prompted safe-haven buying. Source: Newsmaker.id
Silver prices (XAG/USD) rose in European trading hours on Wednesday (3/12), the highest level seen in more than two weeks. The white metal strengthened as deepening fears of a slowdown in the United States (US) economy have weakened the US Dollar (USD). Investors expect the US economy to be exposed to recession as President Donald Trump's tariff policies could weigh on consumer demand in the near term, assuming the tariffs will be inflationary. Fears of a US recession increased after comments from US Commerce Secretary Howard Lutnick in a CBS interview on Tuesday suggested that the...
Gold prices are steady in the $2018 range in Europe and ahead of US Inflation data.Investors weigh Trump's latest move to ease his trade war threat against Ontario just hours after saying he would double tariffs on Canadian steel and aluminum to 50%. The president also downplayed the risk of a recession caused by tariffs. Source: Newsmaker.id